4 properties available
Net Leased Real Properties is pleased to present for sale the Taco Bell restaurant located at 1880 McFarland Boulevard in Northport (Tuscaloosa), Alabama. Taco Bell occupies a brand new, freestanding building on a hard corner that was built to suit for Taco Bell in 2010. Taco Bell operates under a 20-year absolute triple net lease with no landlord responsibilities and 10% fixed rental increases every 5 years. There are four 5 year options to renew
Excellent opportunity at 8.9% cap rate to purchase this Ashley Furniture Home Store for $5,618,000. There are approximately 12 years remaining on the lease with rent increases and three 5-year renewal options. Located just south of the intersection of Interstate-20/59 & Interstate-359, this property has excellent visibility from Highway 69 with traffic counts of 40,740 vehicles per day. One of the nation's largest furniture manufacturers, Ashley Furniture boasts three operating divisions: Ashley Casegoods, Ashley Upholstery, and Millennium. Overall, Ashley maintains 3 million sq. ft. of manufacturing facilities at half a dozen locations. The furniture maker licenses its name to some 400 Ashley Furniture Home Stores located in the US, as well as Canada, Mexico, and Japan.
Marcus & Millichap is pleased to present the T-Mobile and Sleep Outfitters in Tuscaloosa, Alabama. T-Mobile and Sleep Outfitters occupy a brand new 6,747 square-foot freestanding building. T-Mobile has signed a five year double net lease for 2,500 square feet with a ten percent increase at each of the two, five-year renewal options. Sleep Outfitters has signed a seven year double net lease for 4,247 square feet with increases at each of their two, five-year renewal options.
Marcus & Millichap is pleased to present the Rite Aid Ground Lease in Tuscaloosa, Alabama. Rite Aid is situated on an approximate 1.9 acre parcel and occupies a 10,990 square-foot freestanding building with a drive-thru pharmacy. Rite Aid originally signed a twenty-year, triple-net ground lease, which has six years remaining, with 12.5% increases every five years, including during the six, five-year renewal options.
There are thousands of properties for sale on Cityfeet suitable for retail business use of every kind. Cityfeet has small free-standing retail buildings as well as retail properties in malls and big brand anchored shopping centers. For more available retail space for sale visit LoopNet.com.